This paper evaluates how anticipated changes in household debt associated with the leveraged purchase of housing a ects consumption. I build a heterogeneous agent model, calibrated to match the distribution of income and wealth within the US economy, in which households are subject to uninsurable income shocks and can save in both liquid and illiquid assets. I show that the marginal propensity ...

We develop a flexible framework to study the nonlinear relationship between shocks to household earnings and consumption over the life cycle. Log-earnings are the sum of a general Markovian persistent component and a transitory innovation. Consumption is modelled as an age-dependent nonlinear function of assets and the two earnings components. We establish the nonparametric identification of th...

Consider a population that consists of only two households. The ®rst household has a total household income of 500 and is composed of three people: 2 adults and a child. Let, for simplicity, the equivalence scale be such that each adult counts for 1, and each child for 0.5. That the household’s income per consumption unit is 200 (500 divided by 2.5 equivalent units). The second household has a ...

in order to investigate effective factors on bread waste and determine effect genial of each factor on probability of being each family in three categories of low-medium, high and extra high bread waste, the order logit model and the 352 families data from mashad city were taken in use. the samples have been selected using a simple random sampling method. the survey of marginal effect in order ...

The pattern of energy consumption is affected by social, economic and cultural conditions in society.  On the other hand, energy policy has been particularly important in recent years in terms of increasing the role of energy and the environment in the economic, political and social activities of different societies. The research method is survey. The statistical sample includes 120 citizens of...

By using the household data on food consumption, income and other social indicators including activity status, age, literacy, place of residence employment, and marital status, this paper aims to investigate the transitory impact of temporary and permanent income shocks on food consumption in Iran over the period 2009-2014. To study the deterministic effects of the household on food consumption...

This paper evaluates how anticipated changes in household debt associated with the leveraged purchase of housing a ects consumption. I build a heterogeneous agent model, calibrated to match the distribution of income and wealth within the US economy, in which households are subject to uninsurable income shocks and can save in both liquid and illiquid assets. I show that the marginal propensity ...

This paper shows that the debt burden of households, as measured by the debt service to income ratio, is helpful in forecasting the future growth of consumption expenditures. Using data for the United States over the period 1960-97, I find a significant negative relationship between the debt-service ratio of households and future aggregate spending growth. This effect is statistically important...